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Art as an alternative to saving for a pension
Hi I was watching the news this morning about the latest drop in the shares market and the problems it caused with pensions. One viewer wrote in and said they stopped investing into a private pension 6 years ago and now collect medals. The guy from money box didnt seem too impressed with this and got me thinking. My…
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Pension charges
Hi all:j I've just put a lump sum into a pension and I think I've been a bit careless with not reading all small print especially the charges part. I think they might be a bit high and I've nothing to compare it to. The charges are 0.9% for the fund 1% for my IFA and a set up fee of £1650. The last bit especially seems…
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Norwich Union Transfer Plan 32
I have a Norwich Union Transfer Plan 32 with date of leaving service as 6/2/1981, Currency date as 2/6/1987 and Benefit date as 18/9/2011. There has been no regular bonus for the past 10 years. I have been provided with values for my guaranteed minimum pension and non guaranteed with a view to my buying an annuity. In my…
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Please Help - Opting Out of NHS Pensions
Hi I am very much an avid reader rather than a poster. I need some advice which I am having big trouble getting from my employers. Apologies in advance - long post. I took voluntayr redundancy in April 2011. I returned to the NHS on a bank basis on a much lower band in July 2011. I agreed to contribute to NHS pensions as I…
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Point of a lawyer in pension divorce?
My parents are getting divorced and my mum is going to receive 50% of my Dad's final salary pension via pension sharing - this has all been agreed and the CETV etc calculated. We know which annuity provider to use. But her solicitor is rubbish and not returning her calls. All the forms for splitting the pension have been…
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what should my Dad do? public pension
this is the situation: 1) my Dad is 60 and in a public sector job on a final salary pension. 2) his health is getting worse and the Dr has suggested early retirement. 3) hes worried if he takes voluntary early retirment he will loose out due to starting his pension early. 4) but hes also worried that the government will…
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How big is the '1.5%' Annual Charge over time?
Good evening, I have gone through quite a few threads and tried my hand at a few calculators but dont seem to get to the right answer. Then there is the part of some providers charging higher fees once your pension balance crosses X amount coupled with Annual Fund Charges on top So, I'd really like to get a view on how the…
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tracker fund in my sipp
Hi, This is my first post, so I hope I've put it in the right section. With the current market volatility I'm thinking of putting some of my sipp into a UK tracker fund. The thing is the bank element of the FTSE100 makes me nervous. Does anyone know: are there any UK trackers out there excluding banks? If not, can anyone…
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National Grid/British Gas Final Salary
Hi My sisters husband has a Final Salary pension via National Grid/British Gas. He is 60 in the next few months. Can he go to an IFA for a open market quote or does he have to take the offer from National Grid/British Gas? Thanks Robert
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Funding gaps
If a final salary pension has a funding gaps, e.g. 70% funded, are the trustees not paying out current pensioners at the potential cost of future pensioners by maintaining full contractual contributions? Is there a point at which trustees would reduce payments to all beneficiaries to even out the risk?
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Would It be better to move this SHP to a SIPP?
I know I need to find an IFA as I feel totally bewildered by pensions, no matter how much I try and read up on them, but before I do can I run this past you. I have a Standard Life Managed Pension Fund that is dropping like a lead balloon again. Pot stood at 96k July 11, today 84K. This was a pension I took with me after…
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How can I get a copy of a will?
Can anyone advise please My father died last week and his wife (who has been told she is sole executor by the solicitor) is refusing to let my sister and I have a copy of my fathers will It is unlikely that the will will go to probate as he had no property and no assets. I would like to just see this will but how can I do…
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married woman with few NI contributions
I am a 55 year old married woman. I paid NI contributions from 1977 to 1980 whilst working and then became a “ stay at home mother “ and housewife, mostly because my husband worked away a lot and when at home worked irregular and unsocial hours. My getting a job would have meant that we didn’t see each other or the…
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Annuity & Pension Credit
My Nan has an annuity that is paid to her care home each month, this payment goes straight to the care home and NOT to her at any point, this is to pay for her room in a residential home for the rest of her life. She has been receiving pension credits to top up her pension allowance for 5/6 years but suddenly Pension…
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Pension entitlement for a partner abroad
Hi Need advice to help an elderely gentlemen. Any advice welcome. A neighbour of mine is 70 odd year old & retired. He is claiming pension credit & his state pension. His partner died about 10 years ago. He recentely travelled abroad & got married to someone about 60 years old. The question is, is his new partner entitled…
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Concern Over State Pension For My Dad..
Hiya My dad is nearly 60. He has never paid into a private pension and for about 15 years was self employed. My Parents moved abroad 6 years ago but things didn't work out financially and they also separated (I think a lot of it was due to money pressures). My Mum move3d back to the UK, found a full time job and now has a…
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Private Pension
Hi Guys, I'm a newbie with very little knowledge on all things financial so please go easy! I am now 2 years out of Uni (with the compulsory huge student) & have started a private pension to accompany my NHS pension. My only question is that on my payslip I have my NHS pension contributions which are exempt from tax but my…
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How can i find out about my pensions
Can anybody help, I have 2 pensions one private from years ago, maybe as long ago as 25 years back, very very small amount in it and my old works pension. I moved abroad a while ago and have lost touch with my pension companies. Is there anywhere I can write to to find out about how my pensions are doing? a general…
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Public sector pension - work longer?
I am a member of the 'old' firefighters pension scheme. In january 2016 I am due to retire having completed 30 yrs pensionable service (I will be 52.) The proposed changes arising out of the Hutton pension review include merging the 'old' and 'new' pension schemes together to create one single scheme, the retirement age…
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Philips Pension fund UK problems
Hi, I'm having problems with the Philips pension fund, my protected rights pension (GMP) is due to be paid next month when I'm 65, I've had a P161 form from HMRC wanting details of this and other pensions but can get no details from Philips pensions UK, I have phoned four times and written once, they just say there is a…
